What Happens to Unused Long-Term Care Insurance: Understanding Your Options
Long-term care insurance provides coverage for individuals who require assistance with daily activities and healthcare services in the event of a chronic illness, disability, or cognitive impairment. While long-term care insurance offers valuable financial protection, it’s essential to understand what happens to unused coverage and benefits. This article aims to shed light on the options available to policyholders when long-term care insurance goes unused. Understanding Long-Term Care Insurance Long-term care insurance is designed to cover the costs associated with long-term care services, such as nursing home care, assisted living facilities, and …
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